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PAH

Platform Specialty Products

$10.57

0.07 (0.67%)

07:20
02/27/18
02/27
07:20
02/27/18
07:20

Platform Specialty Products sees FY18 adjusted EBITDA $870M-$900M

Based on the average foreign exchange rates in January 2018 and considering the recent strengthening in currencies against the dollar, Platform now expects adjusted EBITDA for 2018 in the range of $870M-$900M, an increase of $10M at the mid-point from the previously-announced guidance for 2018. The mid-point of the guidance represents an increase of 8% over 2017. This guidance does not anticipate any new acquisitions but does assume that the company will achieve organic revenue growth in the low to mid-single digits, consistent with its long-term growth strategy. "As a result of recent tax planning activities, we are projecting a reduction in our overall 2018 adjusted effective tax rate to approximately 34% for the purposes of calculating adjusted EPS. This represents the expected tax costs on statutory earnings from our foreign units and the anticipated withholding taxes. We believe the company has adequate net operating loss carryforwards to offset any U.S. taxes in the medium-term."

  • 27

    Feb

PAH Platform Specialty Products
$10.57

0.07 (0.67%)

09/18/17
RHCO
09/18/17
UPGRADE
RHCO
Buy
Platform Specialty Products upgraded to Buy from Hold at SunTrust
SunTrust analyst James Sheehan upgraded Platform Specialty as he believes that the planned IPO of its agricultural unit in mid-2018, combined with an equity issuance, could raise its multiple, unlock value, and lessen its debt load. Target to $15 from $13.
11/15/17
FBCO
11/15/17
INITIATION
Target $12
FBCO
Neutral
Platform Specialty Products reinitiated with a Neutral at Credit Suisse
Credit Suisse analyst Christopher Parkinson reinstated coverage of Platform Specialty Products with a Neutral rating and $12 price target.
11/15/17
11/15/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Albireo Pharma (ALBO) initiated with a Buy at Roth Capital. 2. Qudian (QD) was initiated with a Buy at Stifel and an Equal Weight at Morgan Stanley. 3. Platform Specialty Products (PAH) reinitiated with a Neutral at Credit Suisse. 4. Karyopharm (KPTI) assumed with a Buy at H.C. Wainwright. 5. Extraction Oil & Gas (XOG) initiated with an Outperform at Imperial Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

CS

Credit Suisse

$15.22

0.405 (2.73%)

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Credit Suisse call volume above normal and directionally bullish »

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BECN

Beacon Roofing

$39.77

-0.19 (-0.48%)

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NOC

Northrop Grumman

$320.52

-1.28 (-0.40%)

, BA

Boeing

$355.82

5.01 (1.43%)

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NOC

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BA

Boeing

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5.01 (1.43%)

LMT

Lockheed Martin

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-0.35 (-0.11%)

GD

General Dynamics

$191.29

-1.5 (-0.78%)

RTN

Raytheon

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UTX

United Technologies

$129.14

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BAESY

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$0.00

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GOOG

Alphabet

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BABA

Alibaba

$190.58

0.55 (0.29%)

FB

Facebook

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0.81 (0.39%)

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$NSD

NASDAQ Market Internals

$0.00

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14:17
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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
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NYSE market internals summary »

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HUBG

Hub Group

$49.00

-1.95 (-3.83%)

14:10
07/16/18
07/16
14:10
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Options
Unusually large option print in Hub Group as shares slump »

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14:10
07/16/18
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14:10
07/16/18
14:10
General news
Fed's Kashkari worries about the flattening yield curve »

Fed's Kashkari…

JBHT

J.B. Hunt

$120.99

-0.78 (-0.64%)

14:08
07/16/18
07/16
14:08
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14:08
Recommendations
J.B. Hunt analyst commentary  »

Loop says J.B. Hunt…

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  • 26

    Aug

SYRS

Syros Pharmaceuticals

$12.35

(0.00%)

14:08
07/16/18
07/16
14:08
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14:08
Conference/Events
Syros Pharmaceuticals to hold a key opinion leader meeting »

Key Opinion Leader…

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  • 18

    Jul

EQGP

EQT GP

$24.87

-0.25 (-1.00%)

, EQM

EQT Midstream Partners

$54.90

0.49 (0.90%)

14:02
07/16/18
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Conference/Events
Rice Midstream to host special shareholder meeting »

Special Shareholder…

EQGP

EQT GP

$24.87

-0.25 (-1.00%)

EQM

EQT Midstream Partners

$54.90

0.49 (0.90%)

RMP

Rice Midstream

$18.16

0.16 (0.89%)

03/08/13
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  • 26

    Jul

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CRSP

Crispr Therapeutics

$59.61

-6.13 (-9.32%)

14:01
07/16/18
07/16
14:01
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Periodicals
Crispr Therapeutics tells CNBC does not use methods described in paper »

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MAS

Masco

$37.79

-0.22 (-0.58%)

14:00
07/16/18
07/16
14:00
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Options
Bullish option play opened in Masco ahead of earnings »

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  • 31

    Jul

CRSP

Crispr Therapeutics

$59.09

-6.65 (-10.12%)

13:55
07/16/18
07/16
13:55
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13:55
Options
Crispr Therapeutics put volume heavy and directionally bearish »

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13:50
07/16/18
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13:50
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General news
U.S. equities are up from earlier lows »

U.S. equities are up from…

ECA

Encana

$12.84

-0.4 (-3.02%)

13:45
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07/16
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Options
Encana call volume above normal and directionally bullish »

Bullish option flow…

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  • 08

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ADS

Alliance Data

$220.17

-23.32 (-9.58%)

13:44
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Technical Analysis
Technical Take: Alliance Data comes off the lows of the day »

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CRM

Salesforce

$147.50

-0.18 (-0.12%)

13:39
07/16/18
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Salesforce announces definitive agreement to acquire Datorama »

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  • 18

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YELP

Yelp

$40.33

0.54 (1.36%)

13:35
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13:35
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13:35
Options
Yelp put volume heavy and directionally bearish »

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LBIX

Leading Brands

$1.62

-0.06 (-3.57%)

13:32
07/16/18
07/16
13:32
07/16/18
13:32
Hot Stocks
Leading Brands announces resolution of temporary non-compliance with Nasdaq rule »

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STM

STMicroelectronics

$22.84

0.2 (0.88%)

13:25
07/16/18
07/16
13:25
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13:25
Options
STMicroelectronics call volume above normal and directionally bullish »

Bullish option flow…

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  • 25

    Jul

13:25
07/16/18
07/16
13:25
07/16/18
13:25
Conference/Events
Stephens agricultural analyst to hold an analyst/industry conference call »

Agriculture, Chemicals,…

EDIT

Editas Medicine

$36.20

-1.71 (-4.51%)

, NTLA

Intellia Therapeutics

$30.55

-2.05 (-6.29%)

13:23
07/16/18
07/16
13:23
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13:23
Periodicals
Editas tells CNBC 'not specifically concerned about' Crisper study »

Editas Medicine (EDIT)…

EDIT

Editas Medicine

$36.20

-1.71 (-4.51%)

NTLA

Intellia Therapeutics

$30.55

-2.05 (-6.29%)

03/08/13
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CVS

CVS Health

$68.30

-0.33 (-0.48%)

13:19
07/16/18
07/16
13:19
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13:19
Periodicals
CVS apologizes after store managers call police on black customer, AP says »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
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13:17
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
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